SCHEDULE 13G/A: FMR LLC & Abigail Johnson Boost Synovus Stake to 7%

Sentiment:

Beneficial Ownership Report (Schedule 13G) 5 November 2025 4:49 PM

FMR LLC and Abigail P. Johnson have disclosed a beneficial ownership of 7.0% of Synovus Financial Corp.'s common stock as of September 30, 2025.

Summary

FMR LLC and Abigail P. Johnson reported beneficial ownership of 9,744,515.82 shares of Synovus Financial Corp. common stock.
This represents 7.0% of the total outstanding common stock of Synovus Financial Corp.
The filing was made under Rule 13d-1(b), indicating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
FMR LLC holds sole voting power over 9,671,476.00 shares and sole dispositive power over 9,744,515.82 shares.
Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
Several FMR LLC subsidiaries, including investment advisers and banks, are identified as entities beneficially owning shares, such as FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.

Sentiment

Score: 6

Explanation: The filing indicates a substantial, passive investment by a major institutional investor, FMR LLC, and its control person, Abigail P. Johnson, in Synovus Financial Corp. This is generally viewed as a neutral to slightly positive signal, as it reflects continued institutional confidence without suggesting any immediate strategic changes or concerns.

Positives

Increased institutional ownership by a major financial entity like FMR LLC can signal confidence in Synovus Financial Corp.'s long-term prospects.
The filing explicitly states the shares are held in the ordinary course of business and not for influencing control, suggesting a passive investment stance.

Future Outlook

The Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Synovus Financial Corp.'s future performance or FMR LLC's investment strategy beyond the certification of holding shares in the ordinary course of business.

Management Comments

To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Industry Context

This filing reflects a significant institutional investment in Synovus Financial Corp., a regional bank. Large ownership stakes by entities like FMR LLC are common in the financial sector, indicating that major asset managers view the company as a viable investment within their diversified portfolios. Such disclosures provide transparency into the ownership structure of publicly traded companies, which is crucial for market participants.

Comparison to Industry Standards

This Schedule 13G filing is a standard regulatory disclosure for institutional investors crossing the 5% beneficial ownership threshold.
It does not provide performance metrics for direct comparison to industry benchmarks or specific comparable companies.
A 7.0% stake by a prominent asset manager like FMR LLC is a notable position, often viewed as a vote of confidence in the underlying company within the regional banking sector.

Management Changes

Role	Previous Person	New Person	Effective Date	Reason
Director, Chairman, and Chief Executive Officer of FMR LLC	NA	Abigail P. Johnson	NA	NA (role confirmed, not a change)

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Ownership Structure Disclosure (FMR LLC)	Abigail P. Johnson and other Johnson family members, through their ownership of Series B voting common shares and a shareholders' voting agreement, may be deemed to form a controlling group with respect to FMR LLC.	NA	This details the internal governance and control structure of FMR LLC, the reporting entity, rather than Synovus Financial Corp.

Stakeholder Impact

Shareholders: Increased institutional ownership may enhance market confidence and liquidity.
Management: The passive nature of the investment (not for control) suggests no immediate pressure for strategic changes from this shareholder.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC and its subsidiaries for Stephanie J. Brown.
2023-01-10	Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number: -23-000003) was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson for Stephanie J. Brown.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference.
2025-09-30	Date of event which requires filing of this statement (reporting period end date).
2025-11-04	Date of signing and filing of this Schedule 13G Amendment No. 2.

Recommendation

hold

This Schedule 13G filing primarily serves as a disclosure of a significant beneficial ownership stake by FMR LLC and Abigail P. Johnson in Synovus Financial Corp. While a 7.0% stake from a major institutional investor can be seen as a positive signal of confidence, the filing itself does not provide new operational or financial performance data to warrant a change in investment recommendation. The investment is stated to be in the ordinary course of business and not for influencing control, suggesting a passive long-term holding. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on the company's fundamentals rather than this ownership disclosure alone.

Keywords

Synovus Financial Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Bank, Investment Adviser, Financial Services

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